2. Rahim runs a fruit stand where he sells apples and mangoes. Each apple costs BDT 5.00 per piece and each mango costs BDT 8.00. The demand for apples and bananas are described by the following functions, where Pa, and Pm denotes the price of apples and bananas. Q m = 300-5P a + 3P m Qa = 3P a - 2.5P m What prices of mangos and apples Rahim should set in order to maximize profit?

2. Rahim runs a fruit stand where he sells apples and mangoes. Each apple costs BDT 5.00 per piece and each mango costs BDT 8.00. The demand for apples and bananas are described by the following functions, where Pa, and Pm denotes the price of apples and bananas. Q m = 300-5P a + 3P m Qa = 3P a - 2.5P m What prices of mangos and apples Rahim should set in order to maximize profit?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter10: Consumer Choice Theory

Section: Chapter Questions

Problem 10P

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